
Analysts’ Latest Recommendations for Deere
May 17 2017, Updated 7:37 a.m. ET
Analysts’ recommendations for Deere
As of May 15, 2017, 23 brokerage firms were actively tracking Deere & Company (DE) stock. About 39.0% of these analysts have recommended a “buy” for the stock, while 43.0% have recommended a “hold.” The remaining 18.0% have recommended a “sell.”
The analyst consensus indicates a 12-month target price of $112.10 for Deere, implying a return potential of -1.5% based on its closing price of $113.80 on May 15, 2017.
Recommendations and targets
Below are some recommended target prices for Deere from some well known brokerage firms:
- JPMorgan Chase (JPM) has given Deere an “underweight” rating and a target price of $95, which implies a 12-month return of -16.0% based on the closing price of $113.80 on May 15, 2017.
- Barclays (BCS) has given Deere a target price of $82, which implies a 12-month return of -27.9% based on the closing price of $113.80 as of May 15, 2017.
- Stifel has rated Deere a “buy” with a target price of $126, which implies a 12-month potential return of 10.7% based on the closing price of $113.80 as of May 15, 2017.
- UBS (UBS) announced Deere’s target price at $112, which implies a 12-month return of -1.6% based on the closing price of $113.80 as of May 15, 2017.
You can invest in the First Trust Indxx Global Agriculture ETF (FTAG) to hold Deere indirectly. The fund has invested 4.6% in Deere. The other top holdings of the fund include Dow Chemical (DOW), DuPont (DD), and Syngenta (SYT) with weights of 9.9%, 9.8%, and 4.7%, respectively, as of May 15, 2017.